Saudi Kayan gets energy ministry’s nod to raise ethane allocation by 30 mln cf/d

04/01/2021 Argaam

Saudi Kayan Petrochemical Co. (Saudi Kayan) received the approval from the Ministry of Energy on its request to increase ethane allocation by a maximum of 30 million cubic feet per day (cf/d), based on the availability of ethane from future gas production projects, the firm said in a statement to Tadawul today, Jan. 4, 2021.

 

According to the terms in the allocation letter, Saudi Kayan is required to submit a plan to implement conversion projects, substitute crude oil with sales gas and to liaise with Saudi Basic Industries Corp. (SABIC) to maximize the benefits of the feedstock.

 

The company will work with the ministry to develop a timeframe to start utilizing the additional feedstock, which will be announced, along with the related positive financial impact, in due course.

 

Saudi Kayan, 35%-owned by SABIC, manages and operates an industrial complex in Jubail, with an output capacity of more than 5.5 million tons per year.

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